In the Context of the Social Environment of Business, Which

question 85

Multiple Choice

In the context of the social environment of business, which of the following is likely to happen as the American population rapidly ages?

• A) Companies with older employees are less likely to find innovative ways to reach the aging consumer market.
• B) Companies in fields such as healthcare, pharmaceuticals, and travel will clearly decline.
• C) With a smaller labor pool, companies will not need to compete for top talent.
• D) Creative companies will reimagine their current products to serve older clients.

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Definitions:

Hiring Person

Refers to an individual or entity responsible for recruiting and selecting candidates for employment positions.

Proofread

Proofread means to read (text) and mark any errors to be corrected, often in the context of preparing legal documents or publications.

Marketing Skills

The abilities and knowledge necessary to promote and sell products or services, including strategy development, communication, and understanding consumer behavior.

Job Interviews

The process where employers evaluate potential employees by asking questions to assess their suitability for a position.